Michael Saylor's MicroStrategy Is Now Up Nearly $1 Billion on Its Bitcoin Investment

  • 📰 BitcoinMagazine
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

MicroStrategy's Bitcoin investment is back in the black after its most recent run-up to a high of $35,000, the public firm now sitting on $1 billion in gains.

With a strategic approach to accumulating the Bitcoin through the entirety of the most recent bear market, the company is now sitting on a nearly $1 billion gain.

Saylor, a fervent advocate for Bitcoin, has been vocal about his belief that the cryptocurrency is not just an asset but a revolutionary monetary network. He asserts that Bitcoin's inherent qualities, including scarcity and decentralization, make it a superior long-term investment and a hedge against inflation.

The rise in MicroStrategy's Bitcoin investment serves as a testament to Saylor's vision and persistence. Despite fluctuations in Bitcoin's price, Saylor remains steadfast in his belief that it represents a paradigm shift in the world of finance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 461. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Spot ETF News Could Give Crypto Market Wings: Chainlink, Bitcoin Spark and Ripple To FlyCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »